Apartment 502, Counter House 5
Apartment 502, Counter House 5
Description & Estimates
Public records show Apartment 502, Counter House 5 to be a modern leasehold apartment with 527 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms with a balcony.
Apartment 502, Counter House 5 has an estimated sale value of £626,535 and an estimated rental value of £2,644 per month, assuming reasonable condition and based on the information available.
The apartment sits within Counter House, Gauging Square, London, E1.
Gauging Square, London, E1 lies in the borough of Tower Hamlets, within the E1 postal district.
Our Data Sources
Apartment 502, Counter House 5 has a single entry in the Land Registry from May 2017 and a single entry in the EPC database dated March 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate Apartment 502, Counter House 5 would be worth £657,862, with a potential rental value of £2,776 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £582,678, with a rental value of £2,459 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Apartment 502, Counter House 5 has fallen by £19,572 (3.1%) over the last year. During the same period, its estimated monthly rental value has moved up by £133 (5.0%). The property's estimated gross yield is currently 5.1%.
Energy Efficiency
Apartment 502, Counter House 5 has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 07 Mar 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme, Air source heat pump, underfloor, electric.
Sold Prices
Apartment 502, Counter House 5 last changed hands on 2nd May 2017, selling for £779,950. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 55.9% since May 2017.
- Sold May 2017£779,950
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 240 metres of Apartment 502, Counter House 5 across the last 2 years.
Most recently, Apartment 304, 2, Merino Gardens, London, E1W 2DR, a leasehold flat, sold at £687,240 on the 21st January 2025.
Read more about house prices in E1.
- Sold Jan 2025£687,240 | 1 Bed Flat2, Merino GardensApartment 304, 2, Merino Gardens, London, E1W 2DR
- Sold Nov 2024£726,750 | 1 Bed Flat2, Merino GardensApartment Lg04, 2, Merino Gardens, London, E1W 2DR
- Sold Nov 2024£710,000 | 1 Bed Flat2, Merino GardensApartment 204, 2, Merino Gardens, London, E1W 2DR
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Properties Let Nearby
Agents in our network have reported 1 letting within 240 metres of Apartment 502, Counter House 5 across the last 2 years.
The newest of these is Flat 63, Harlequin Court 6, Thomas More Street, London, E1W 1AR, a leasehold flat let by Jorgensen Turner in June 2021.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Location Comparison
Our analysis of the public data ranks Apartment 502, Counter House 5 as the 181st largest and the 180th most expensive of the 200 addresses on Gauging Square, London, E1.
Against the E1 postcode district average, it is £111k more expensive than the typical property.
More reading links
Schools Nearby
- 200mSt Paul's Whitechapel Church of England Primary School
- 400mHermitage Primary School
- 600mHarry Gosling Primary School
- 100mMulberry Academy London Dock
- 700mLondon Enterprise Academy
- 800mMulberry School for Girls
More reading links
Public Transport Nearby
Tower Gateway station is the nearest stop to Apartment 502, Counter House 5 at 600 metres away.
- 600mTower Gateway
- 700mShadwell
- 800mTower Hill
Available Internet Speeds
Ofcom's latest figures show poor internet coverage in this area, which may mean weak or no connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
